WeRide’s (WRD) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of WeRide (NASDAQ:WRD) in a research report report published on Thursday,Weiss Ratings reports.

WRD has been the subject of a number of other research reports. Wall Street Zen upgraded WeRide from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. UBS Group began coverage on WeRide in a report on Monday, August 4th. They set a “buy” rating and a $12.00 target price for the company. Finally, Citigroup began coverage on WeRide in a report on Monday, September 29th. They set a “buy” rating and a $15.50 target price for the company. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.75.

WeRide Price Performance

WeRide stock opened at $10.67 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.55 and a current ratio of 11.03. WeRide has a one year low of $6.03 and a one year high of $44.00. The company has a market cap of $3.14 billion and a P/E ratio of -3.82. The business has a fifty day moving average of $10.37 and a two-hundred day moving average of $9.30.

WeRide (NASDAQ:WRD) last issued its earnings results on Thursday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter. WeRide had a negative return on equity of 49.24% and a negative net margin of 595.64%.The firm had revenue of $17.75 million for the quarter. As a group, analysts predict that WeRide will post -0.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WeRide

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new position in WeRide during the 1st quarter worth approximately $27,000. SBI Securities Co. Ltd. lifted its position in WeRide by 1,263.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,559 shares of the company’s stock worth $28,000 after acquiring an additional 3,298 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in WeRide during the 2nd quarter worth approximately $30,000. Gordian Capital Singapore Pte Ltd acquired a new position in WeRide during the 1st quarter worth approximately $56,000. Finally, Levin Capital Strategies L.P. acquired a new position in shares of WeRide in the 2nd quarter valued at approximately $79,000.

WeRide Company Profile

WeRide, Inc engages in the development of an autonomous driving technology platform. It offers Robotaxi, Robobus, Robovan, Robosweeper, and advanced driving solutions, providing smart services in online ride-hailing, on-demand transport, urban logistics, and environmental sanitation. The company was founded by Tony Xu Han and Yan Li in February 2017 and is headquartered in Guangzhou, China.